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Trump deal with Iran, gas prices, economics & more addressed during Scott Bessent, Larry Kudlow chat

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May 29, 2026

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Negotiators for the United States and Iran have reached a deal to reopen the Strait of Hormuz and extend a seven-week ceasefire while discussions continue over Tehran's nuclear program, according to an American official.

President Donald Trump has yet to approve the deal, though, the official said. Iran's leadership also hasn't signed off yet on the 60-day memorandum of understanding, according to a regional official who said the American proposal was given to Pakistan, which gave it to Iranian negotiators.

The possible deal, the Iran war's impact on gas prices and more economic issues were addressed by U.S. Treasury Secretary Scott Bessent during an Reagan national Economic Forum event with political commentator Larry Kudlow.

Guests & Subjects Covered

United StatesPresident Donald TrumpEconomic ForumLarry Kudlow

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Trump deal with Iran, gas prices, economics & more addressed during Scott Bessent, Larry Kudlow chat · USA Today · Sentinel